SME IPO List 2026 — GMP, Subscription & Listing

Track all Small and Medium Enterprise (SME) IPOs in India for 2026. SME IPOs are listed on NSE Emerge or BSE SME platforms and offer high-growth investment opportunities, though with higher risk compared to mainboard IPOs.

IPO Name Type IPO Dates Price (INR) Status
▶ Merritronix IPO SME 01 – 03 Jun 141 – 149 🔥 Hot
▶ Liotech Industries IPO SME 01 – 03 Jun 321 ✅ Open
▶ Aureate Tradde IPO SME 29 – 02 Jun 70 ✅ Open
▶ SMR Jewels IPO SME 26 – 03 Jun 128 – 135 ✅ Open
▶ Hexagon Nutrition IPO MAINBOARD 05 – 09 Jun 42 Upcoming
▶ GenXAI Analytics IPO SME 05 – 09 Jun 110 Upcoming
▶ Vahh Chemicals IPO SME 04 – 08 Jun 60 Upcoming
▶ CMR Green IPO MAINBOARD 03 – 05 Jun 182 Upcoming
▶ Rajnandini Fashion IPO SME 26 – 29 May 59 – 63 Closed
▶ Yaashvi Jewellers IPO SME 25 – 27 May 83 Closed
▶ Harikanta Overseas IPO SME 20 – 27 May 86 – 91 Closed
▶ Amir Chand Jagdish Kumar (Exports) Limited IPO MAINBOARD 24 – 27 Mar 201 – 212 Closed
▶ Rajputana Stainless Limited-Special Withdrawal Option IPO MAINBOARD 12 – 16 Mar 116 – 122 Closed
▶ M R Maniveni Foods IPO SME 22 – 26 May 51 – 52 Listed
▶ Q Line Biotech IPO SME 21 – 25 May 326 – 343 Listed
▶ Bio Medica Laboratories IPO SME 21 – 25 May 132 – 139 Listed
▶ Autofurnish IPO SME 21 – 25 May 41 Listed
▶ Vegorama Punjabi Angithi IPO SME 20 – 22 May 73 – 77 Listed
▶ Teamtech Formwork IPO SME 19 – 21 May 61 – 63 Listed
▶ Goldline Pharmaceutical IPO SME 12 – 14 May 41 – 43 Listed
▶ RFBL Flexi Pack IPO SME 12 – 14 May 47 – 50 Listed
▶ Simca Advertising IPO SME 08 – 12 May 174 – 183 Listed
▶ Recode Studios IPO SME 05 – 07 May 150 – 158 Listed
▶ Bagmane Prime Office REIT IPO MAINBOARD 05 – 07 May 95 Listed
▶ Value 360 Communications IPO SME 04 – 06 May 95 – 98 Listed
▶ Amba Auto Sales IPO SME 27 – 29 Apr 130 – 135 Listed
▶ Leapfrog Engineering IPO SME 23 – 27 Apr 21 Listed
▶ Adisoft Technologies IPO SME 23 – 27 Apr 163 – 172 Listed
▶ Citius Transnet InvIT IPO MAINBOARD 17 – 21 Apr 99 – 100 Listed
▶ Mehul Telecom IPO SME 17 – 21 Apr 96 – 98 Listed
▶ PropShare Celestia SM REIT IPO MAINBOARD 10 – 16 Apr 1,000,000 Listed
▶ Om Power IPO MAINBOARD 09 – 13 Apr 166 – 175 Listed
▶ Safety Controls IPO SME 06 – 08 Apr 75 – 80 Listed
▶ Safety Controls IPO SME 06 – 08 Apr 75 – 80 Listed
▶ Emiac Technologies IPO SME 27 – 08 Apr 93 – 98 Listed
▶ Vivid Electromech IPO SME 25 – 30 Mar 528 – 555 Listed
▶ Powerica IPO MAINBOARD 24 – 27 Mar 375 – 395 Listed
▶ Sai Parenteral's IPO MAINBOARD 24 – 27 Mar 372 – 392 Listed
▶ Aeroplane Basmati Rice IPO MAINBOARD 24 – 27 Mar 201 Listed
▶ Highness Microelectronics IPO SME 24 – 27 Mar 114 – 120 Listed
▶ Tipco Engineering IPO SME 23 – 25 Mar 84 – 89 Listed
▶ Speciality Medicines IPO SME 20 – 24 Mar 117 – 124 Listed
▶ Novus Loyalty IPO SME 17 – 20 Mar 139 – 146 Listed
▶ Apsis Aerocom IPO SME 11 – 13 Mar 104 – 110 Listed
▶ Raajmarg Infra InvIT IPO MAINBOARD 11 – 13 Mar 99 Listed
▶ Innovision IPO MAINBOARD 10 – 17 Mar 494 – 519 Listed
▶ Rajputana Stainless IPO MAINBOARD 09 – 11 Mar 116 – 122 Listed
▶ Srinibas Pradhan Constructions IPO SME 06 – 10 Mar 91 – 98 Listed
▶ Elfin Agro India IPO SME 05 – 09 Mar 47 Listed
▶ Sedemac Mechatronics IPO MAINBOARD 04 – 06 Mar 1,287 – 1,352 Listed
▶ Acetech E-Commerce IPO SME 27 – 04 Mar 106 Listed
▶ Striders Impex IPO SME 26 – 02 Mar 71 Listed
▶ Yaap Digital IPO SME 25 – 27 Feb 138 Listed
▶ Kiaasa Retail IPO SME 23 – 25 Feb 121 Listed
▶ Accord Transformer IPO SME 23 – 25 Feb 43 Listed
▶ Mobilise App IPO SME 23 – 25 Feb 75 Listed
▶ Manilam Industries IPO SME 20 – 24 Feb 65 Listed
▶ Yashhtej Industries IPO SME 18 – 20 Feb 110 Listed
▶ Fractal Industries IPO SME 16 – 18 Feb 205 Listed

What is an SME IPO?

SME IPOs are initial public offerings by small and medium enterprises listed on dedicated SME platforms — NSE Emerge and BSE SME. These companies typically have smaller issue sizes (below ₹10 crore) and are in early growth stages.

SME IPO vs Mainboard IPO — Key Differences

  • Minimum Investment: SME IPOs require ₹1,00,000+ minimum (vs ₹14,000-15,000 for mainboard)
  • Lot Size: Larger lots (800-2000 shares) compared to mainboard (13-40 shares)
  • Listing Timeline: T+6 days after close (vs T+3 for mainboard)
  • Liquidity: Lower trading volumes post-listing
  • Risk: Higher risk due to limited operating history and smaller company size
  • Returns: Potentially higher returns — many SME IPOs have given 100%+ listing gains

Tips for SME IPO Investors

  • Only invest money you can afford to lose — SME IPOs are high-risk
  • Check the company’s financial track record before applying
  • Look at the lead manager’s reputation — better lead managers indicate quality
  • Monitor subscription data — high subscription (especially NII) is a positive signal
  • SEBI recommends only well-informed investors participate in SME IPOs

Frequently Asked Questions

Can retail investors apply for SME IPOs?

Yes, but the minimum application amount is typically ₹1,00,000 or more (1 lot). This is significantly higher than mainboard IPOs where minimum investment is ₹14,000-15,000.

Are SME IPOs riskier than mainboard IPOs?

Yes. SME companies have shorter operating histories, smaller revenues, and lower post-listing liquidity. However, successful SME IPOs can deliver significantly higher returns than mainboard listings.